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Global Stocks Mostly Rise As Market Digests China Inflation Data

Global stocks mostly advanced Monday ahead of key US inflation data and after a drop in Chinas producer prices pointed to more weakness in the worlds second biggest economy. After a choppy session, Wall Street indices scored modest gains, following on the heels of an advance in Europe, where equit ..

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Alibaba ADRs Soared with China Ending Tech Crackdown

Alibaba ADRs Soared with China Ending Tech Crackdown
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Alibaba Surges on Report China to Unshackle Ant With Fine

(Bloomberg) Alibaba Group Holding Ltd. shares jumped in Hong Kong trading after Reuters reported that China is likely to announce a fine of more than 8 billion yuan ($1.1 billion) on its fintech affiliate, drawing a line under the probe into the firm founded by Jack Ma. Most Read from BloombergMeta’s Threads App Draws Millions Seeking a Twitter AlternativeUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalStocks Stumble as Traders Turn to Payroll Data: Markets WrapBiden Set to Send

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China Ends Probe of Ma-Backed Ant With $984 Million Fine

(Bloomberg) Chinese regulators imposed more than $1 billion in fines on tech giants Ant Group Co. and Tencent Holdings Ltd., signalling an end to a crackdown on the sector that had wiped out billions in market value and derailed the world’s biggest initial public offering.Most Read from BloombergUkraine Has Caught Up With Russia’s Tank Numbers, Data SignalMeta’s Threads App Draws Millions Seeking a Twitter AlternativeStocks Stumble as Traders Turn to Payroll Data: Markets WrapMusk Ultimatum t

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China ends probe of Ma-backed Ant with $984 million fine

China ends probe of Ma-backed Ant with $984 million fine
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